Technical Studies Reference

Numbers Bars Avg Volume Per Price Graph

This study calculates and displays the Average Volume Per Price for each bar.

Let $$V_t$$ and $$N_t^{(P)}$$ denote the Volume and Number of Prices, respectively, at the chart bar with Index $$t$$. The value of $$N_t^{(P)}$$ can be accessed via the ACSIL Interface Member sc.VolumeAtPriceForBars. The Average Volume Per Price is at Index $$t$$ is denoted as $$\overline{VPP}_t$$, and it is computed as follows.

$$\overline{VPP}_t = \left\{ \begin{matrix} \frac{V_t}{N_t^{(P)}} & N_t^{(P)} \neq 0 \\ 0 & N_t^{(P)} = 0 \end{matrix}\right .$$

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